UIE PLC (Denmark) Market Value
| UIE Stock | DKK 316.00 1.00 0.32% |
| Symbol | UIE |
UIE PLC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to UIE PLC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of UIE PLC.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in UIE PLC on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding UIE PLC or generate 0.0% return on investment in UIE PLC over 90 days. UIE PLC is related to or competes with Per Aarsleff, Schouw, Ringkjoebing Landbobank, and Jeudan. The company primarily cultivates oil palm and coconuts, and processes palm oil More
UIE PLC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure UIE PLC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess UIE PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.1243 | |||
| Maximum Drawdown | 8.4 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.32 |
UIE PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UIE PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UIE PLC's standard deviation. In reality, there are many statistical measures that can use UIE PLC historical prices to predict the future UIE PLC's volatility.| Risk Adjusted Performance | 0.1662 | |||
| Jensen Alpha | 0.2769 | |||
| Total Risk Alpha | 0.0705 | |||
| Sortino Ratio | 0.1265 | |||
| Treynor Ratio | 1.2 |
UIE PLC Backtested Returns
UIE PLC appears to be very steady, given 3 months investment horizon. UIE PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of volatility over the last 3 months. We have found thirty technical indicators for UIE PLC, which you can use to evaluate the volatility of the company. Please review UIE PLC's risk adjusted performance of 0.1662, and Coefficient Of Variation of 474.06 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UIE PLC holds a performance score of 19. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UIE PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding UIE PLC is expected to be smaller as well. Please check UIE PLC's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether UIE PLC's existing price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
UIE PLC has below average predictability. Overlapping area represents the amount of predictability between UIE PLC time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of UIE PLC price movement. The serial correlation of 0.38 indicates that just about 38.0% of current UIE PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 158.39 |
UIE PLC lagged returns against current returns
Autocorrelation, which is UIE PLC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting UIE PLC's stock expected returns. We can calculate the autocorrelation of UIE PLC returns to help us make a trade decision. For example, suppose you find that UIE PLC has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
UIE PLC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If UIE PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UIE PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UIE PLC stock over time.
Current vs Lagged Prices |
| Timeline |
UIE PLC Lagged Returns
When evaluating UIE PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UIE PLC stock have on its future price. UIE PLC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, UIE PLC autocorrelation shows the relationship between UIE PLC stock current value and its past values and can show if there is a momentum factor associated with investing in UIE PLC.
Regressed Prices |
| Timeline |
Pair Trading with UIE PLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if UIE PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UIE PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with UIE Stock
Moving against UIE Stock
The ability to find closely correlated positions to UIE PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UIE PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UIE PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UIE PLC to buy it.
The correlation of UIE PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UIE PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UIE PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for UIE PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in UIE Stock
UIE PLC financial ratios help investors to determine whether UIE Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in UIE with respect to the benefits of owning UIE PLC security.